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#Electronic Sound Raises $300K For EDM Magazine

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UK online EDM fan magazine Electronic Sound has landed £175,000 ($293387.50 USD) in funding thanks to UK Trade and Investment (UKTI) initiative that introduces digital media startups to potential investors. Low Carbon Innovation Fund operated by the Adapt Group at UEA and a private investment firm led the round. "As music journalists we are essentially creative people, not entrepreneurs so the course really helped us gain valuable business skills. It was fascinating - in particular learning about the nature of investment, how it works and all about tax breaks,” Electronic Sound co-founder Mark Wernham told Business Weekly. The funding will...